Main navigation

Global Light Tower Market Revenue to Register CAGR of 3.3% Over Next 10 Years

January 16, 2019 by MarketResearch.biz Crew

MarketResearch.biz announces publication of its most recently generated research report titled, “Global Light Tower Market by Product Type (Light Emitting Diode, Metal Halide Lamps, and Electrodeless Lamps), By Fuel Type (Diesel Engine, Battery, Solar, Hydrogen), By Mobility (Mobile, Stationary), By End User (Construction, Mining, Disaster Relief & Emergency, Oil & Gas), and by Region – Global Forecast to 2027.”, which offers a holistic view of the global light tower market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2018–2022) is projected to be over US$ 4.4 Bn, which is expected to increase considerably over the latter part of the five-year forecast period.

Light towers are portable lighting equipment containing a group of electric lamps affixed at top of a pole. Light towers are light sources used at construction sites, oil & gas industries, mining industries, and among others.

Global Light Tower Market: Market Dynamics

Light towers have significant applications in the construction industry as it is an ideal solution during construction activities conducted at nighttime. Rapidly growing population and increasing number of construction activities are major factors expected to boost growth of the market over the forecast period. Increasing investments in various sectors coupled with increasing sports activities and events across the globe are major factors expected to support growth of the market over the forecast period.

However, high cost of product is major factor restraining growth of the global market currently. Also, availability of refurbished and locally produced units are another factors expected to hamper growth of the global market over the forecast period.

Expanding presence in developing economies will offer high potential revenue opportunities for manufacturers operating in the market.

Global Light Tower Market: Market Forecast

The comprehensive research report comprises a complete forecast of the global light tower market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global light tower market is expected to expand at a moderate CAGR of 3.3% during the forecast period.

By Product Type: The metal halide lamps segment accounted for highest revenue share contribution as compared to other product type segments, and is expected to maintain its dominance over the forecast period.

By Fuel Type: The diesel engine segment accounts for highest revenue share in the global market and battery light segment is expected to register a highest CAGR over the forecast period.

By Mobility: The mobile segment accounts for highest revenue share in the global market and is expected to maintain its dominance over the forecast period.

By End User: The construction segment accounts for highest revenue share in the global market and is expected to maintain its dominance over the forecast period.

By Region: The market in North America accounted for highest revenue share in the global light tower market in 2017

The Global Light Tower Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2018–2027 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global light tower market for 2018–2027.

About Us:

MarketResearch.biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. MarketResearch.biz offers services such as data mining, information management, and revenue enhancement solutions and suggestions. We cater to industries, individuals, and organizations across the globe, and deliver our offerings in the shortest possible turnaround time.

Reader Interactions

MARKET RESEARCH REPORTS

Prudour Pvt. Ltd. delivers customized research solutions by actuating its broad spectrum of research methodologies, databases, and resources, and this is further strengthened by our global experience in syndicated and customized industry projects.